Blog Archives
Can I transfer money from my other foreign account to the multi-currency account?
Yes. You may transfer money from any bank account to your Winvesta account. You will see the account details for transferring the money when you sign in to your account.
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Can I hold INR balance in my account?
No. You can convert a currency to INR only when you intend to make a local payment with it. INR is a controlled currency. You cannot hold a balance in INR and need to pay all funds immediately. Please make … Continue reading
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Can I get an Investment Account for my business?
We cannot open business accounts for investments in US stocks and ETFs. The business accounts are limited to only multi-currency accounts for cash management.
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What documents do I need to open a multi-currency business account?
You will need your company registration documents, bank statements, proof of ownership, and a few simple documents to open an account. You will be able to digitally submit these documents during the registration process.
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Can I use the multi-currency account to invest in foreign real estate?
Buying a property overseas could be a cumbersome task without a bank account overseas. If you are using a business entity to purchase a foreign property, you can use the multi-currency account for all your foreign banking needs like proof of … Continue reading
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Is Winvesta compliant with India’s regulations?
Winvesta Ltd is an EMD agent of The Currency Cloud Ltd which is an E-Money Institution regulated by the FCA. Winvesta Ltd’s sister concern Winvesta India Technologies Private Limited (Winvesta India) is compliant with the RBI’s regulations, and also has … Continue reading
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Is Winvesta secure?
Winvesta uses industry best-practices on IT security and compliance with 256-bit encryption and SSL to ensure the security of the entire platform and protect your information. Our platform has been extensively tested for any vulnerabilities by third-party security agencies. Your multi-currency account … Continue reading
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How is my cash protected in the multi-currency account?
Traditional banks make a profit by lending and risking clients’ money. They then need to insure the accounts up to a certain amount to protect against financial losses. Winvesta on the other hand isn’t a bank. We are an E-Money … Continue reading
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How is Winvesta regulated?
Winvesta is regulated by the Financial Conduct Authority (FCA) in the UK. We follow strict rules set by regulators in every country we operate in, including UK and India. These agencies are there to protect you and all our clients. They make sure that we’re compliant … Continue reading
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What happens to my cash if Winvesta were to shut down?
Your money is kept separate from the accounts we use to run Winvesta. It wouldn’t be affected if we were to become shut down or become insolvent. The money is yours and will be returned to you. Winvesta, and the E-Money … Continue reading
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